savage > remington
So a few years ago I was in the same position as you. I had looked at both at the gun shops around but couldn't make up my mind. The remington was more expensive, but if it shot better this wasn't an issue to me.
A little bit later, I went shooting at one of the local gun clubs with some friends, and someone who was known to one of my friends let me try on his savage 110 in .243 win. We were shooting at playing cards at 100 yards, and you could reliably core out the kings head at 100 yards without much effort.
I later shot the 10FP-LE at an annual "try it out" day and that firmly made up my mind. It is just an all-around pleasure to shoot.
In this time I also decided to upgrade to the Choate Varminter stock (a factory option) since the factory monte-carlo style stock was rather pathetic.
I spent about 680 (with tax) on the gun, and vs the money I would have otherwise spent on the 700 (~1000 for the PSS) I spent that on the scope. And havn't looked back.
I reliably get 1 MOA at 100 yards shooting american eagle, and it drops to about 1/2 to 1/4 moa when I shoot gold medal or handloads. It is a very rugged gun and goes with me on many of my 4x4 outings, and always performs. I really encourage you to shoot both if you can, but very few dealers stock the 10FP with the choate stocks. So you may end up having to buy these blind. But the choate varminter stock is adjustable for pull and has replaceable cheek pieces. It is no mcmillan stock, but it's still damn nice for the money.
There are a few details I don't like about the savage, I wish it had a metal trigger guard, and was offered in a DBM, or drop out floorplate design. But if you want a quality gun that can put metal on target for a value price, savage is the way to go. If you have lots and lots of money to throw at a problem and want to spend lots of time having your rifle worked on to have all the features you want. Go with the 700.